Good deal and if yes , what's the good offer?

[Hapeesh Rajpal]

I have seen a condo $99,900 for which 1000 to 1100 is the rent expected. $ 30 HOA fees. This is a college town and the property is about 1-1.5 miles from college. What do you think should be the good offer price and what's the negotiation room here? As an investor, I don't want to pay the listed price. I don't really have a great list of sold property and their prices. The property looks easily rentable .